why? how does that work? first of all, people have options to move out of the state if they think the taxation levels are too onerous. they have options to move out of the state, which is what i did. the last thing you want to do is push people that have the ability to invest and create jobs and be philanthropic, you don t want to drive them out of the state. i think what they did was good and it s about time. brian: and listen how this breaks down. if you look at the revenue right now made up by income taxes, it s 56.7%. the highest income tax rate around. it s 8.97% here and the income level where it kicks in. for those who make $500,000, the percentage of income tax paid by the top 1% is 41%. so if people like you say, listen, i m not going to pay this high rate, i m leaving, that is somebody that s no longer going to be able to fuel growth, create jobs, and actually pay into the system. california got crushed the same
ahead by 18,092. look at how close it is. so they still have another 27% of the vote to count, but it is exceedingly close. let s get some more results coming in right now. colorado, look how close it is here in colorado. 42% of the vote counted, the incumbent, michael bennet, appointed to fill ken salazar s seat, 49.8% to ken buck, the tea party favorite, 45%. it s a difference of 37,000 votes out of what, about nearly 80,000 counts. and wisconsin, russ feingold not doing so well with 29% of the vote counted, 42%, ron johnson, the businessman, 56.7%. it s almost 92,000-plus difference. 29% of the vote counted. not necessarily looking all that great so far for russ feingold. let s go back to john king. he s taking a closer look at the
for the board and relationship with ceos at hewlett-packard. that s true. but they sell the most pcs of any company in america. all right. steve liesman, cnbc senior economic reporter. thank you very much. trivia time. what member of congress once worked as an accountant for george w. bush? the answer, texas s mike conaway. just in case you didn t notice, today is august 9, 2010. this is not a reference to nixon s resignation. today s date is 8/9/10. at 12:34 and 56.7 seconds newsroom roit will be 12345678910. you won t see it for another 100 years. live the moment i mean the second anyway. inside karl rove s shadow army.
so even in a part of the usa accustomed to extreme heat and heat waves, this is a particularly difficult and indeed extraordinary situation. death valley, california on friday recorded a high of 54.1; celsius, 130 fahrenheit, matching a temperature recorded in august last year which some argue is the highest temperature reliably recorded on earth, but the official record at death valley actually goes back to 1913 at 56.7 degrees celsius. now, whilst not expected to threaten that this weekend, we still see temperatures getting a little bit higher over the weekend in death valley. gradually, temperatures will subside as we go through the week, head closer to the seasonal average. may also threaten a record at las vegas. regardless of the actual numbers, regardless of records, this is clearly another extreme and dangerous heatwave affecting some people and places in the usa. thanks to nick for that update.